Acquisitions6 Nov 2025, 02:39 pm
Bajaj Auto Subsidiary to Acquire Remaining 50.1% Stake in Pierer Bajaj AG for Rs. 248 Crore
AI Summary
Bajaj Auto Ltd. announced that its wholly owned subsidiary, Bajaj Auto International Holdings BV (BAIH), will exercise a subsequent call option to acquire the remaining 50.1% stake in Pierer Bajaj AG (PBAG) from Pierer Industrie AG (PIAG). The acquisition, which includes 24,000 shares for a cash consideration of Euro 24.31 million (equivalent to Rs. 248 crore), will result in BAIH holding 100% of PBAG's total shareholding, making PBAG a wholly owned subsidiary of BAIH and a step-down subsidiary of Bajaj Auto Limited. The transaction is subject to obtaining requisite regulatory approvals.
Key Highlights
- Bajaj Auto's subsidiary, Bajaj Auto International Holdings BV, to acquire the remaining 50.1% stake in Pierer Bajaj AG
- Acquisition includes 24,000 shares for a cash consideration of Euro 24.31 million (Rs. 248 crore)
- Upon completion, PBAG will become a wholly owned subsidiary of BAIH and a step-down subsidiary of Bajaj Auto Limited
- Transaction subject to obtaining requisite regulatory approvals
- This acquisition is a strategic move by Bajaj Auto to strengthen its presence in the global automotive industry